| CVM Solutions Wins Prestigious Entergy eProcurement
Award
Chicago, IL, August 18, 2005--CVM Solutions, the nation's
leading supplier management and supplier diversity solutions
provider has won the Entergy Services e-Procurement Leadership
Award. The award, which was presented at the annual Entergy
Supplier Conference, allowed primary suppliers of Entergy
the opportunity to meet with the Entergy leadership team and
discuss market and industry trends and current Entergy initiatives.
"This is a huge honor for CVM Solutions," says
Rajesh Voddiraju, President of CVM Solutions. "The services
that we are providing to Entergy are groundbreaking in the
sense we are allowing them the ability to completely manage
their supplier network.”
Entergy has long been recognized as a business that works
with the people whom they serve. In 1987, the company became
the first electric utility holding company in the nation to
commit to the National Association for the Advancement of
Colored People's Fair Share Principles. Since that time, Entergy
has logged more than $500 million with minority and women
suppliers who provide a wide range of goods and services.
As with any major corporation, Entergy utilizes a wide range
of goods and services from external sources. Their suppliers
provide everything from office supplies to electrical components
to construction. Entergy is aware, however, that impending
deregulation in the electric utility industry will mean increased
competition and a demand for more leveraged purchasing, thus
creating more sub-contracting and second-tier opportunities.
This makes their Supplier Diversity Program an essential element
of the company's continued success.
ABOUT CVM SOLUTIONS
CVM Solutions combines best of breed supplier data and a
world class technology platform for supplier management and
supplier diversity. More than 150 of the Fortune 1000 have
selected the CVMAdvantage™. CVM Solution suite
includes spend reporting and analysis, supplier registration
and qualification, 2nd Tier reporting, supplier data classification,
and access to the most comprehensive database of suppliers
in the world.
For more information, contact CVM Solutions at 630.629.5800
or via the web at www.cvmsolutions.com.
ABOUT ENTERGY CORPORATION
Entergy Corporation is an integrated energy company engaged
primarily in electric power production and retail distribution
operations which owns and operates power plants with approximately
30,000 megawatts of electric generating capacity, and it is
the second-largest nuclear generator in the United States.
The company delivers electricity to 2.7 million utility customers
in Arkansas, Louisiana, Mississippi and Texas and has annual
revenues of more than $10 billion and approximately 14,000
employees.
For media information, please contact:
Lisa Spathis
630.629.5800 (office)
lspathis@comcast.net
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